BAKU, Azerbaijan, August 24. A total of 74,200 tons of heavy fuel oil were produced in Azerbaijan from January through July 2026.
This was announced in the report by the State Statistics Committee.
According to the report, this figure rose by 17,600 tons, or 31.1%, compared to the same period of 2025.
As of August 1 this year, stocks of finished heavy fuel oil at the warehouses of the country’s industrial enterprises stood at 5,100 tons.
During the reporting period, the total production value in Azerbaijan’s petroleum products sector amounted to 3.46 billion manat ($2.03 billion), down 4.9% compared to the first 7 months of last year.
In an interview with Trend, Jihad Azour, director of the International Monetary Fund's Middle East and Central Asia Department, said revenues generated by the energy sector should be managed efficiently to strengthen long-term economic resilience.
According to Azour, effective management of revenues from the oil and petroleum products sector is particularly important given the high volatility in global energy markets.
"We live in an environment of highly volatile oil and gas prices, and it is therefore important to plan ahead to avoid excessive dependence on periods of peak prices," Azour told Trend.
